Owlet (NYSE:OWLT) CFO Amanda Crawford Sells 4,225 Shares

Owlet, Inc. (NYSE:OWLT) CFO Amanda Crawford sold 4,225 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $7.06, for a total transaction of $29,828.50. Following the completion of the sale, the chief financial officer owned 150,989 shares of the company’s stock, valued at $1,065,982.34. This trade represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amanda Crawford also recently made the following trade(s):

• On Friday, February 27th, Amanda Crawford sold 6,892 shares of Owlet stock. The shares were sold at an average price of $11.50, for a total transaction of $79,258.00.

Owlet Price Performance

Shares of NYSE OWLT opened at $4.94 on Friday. The firm has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $10.32. The stock has a market capitalization of $139.19 million, a price-to-earnings ratio of -1.82 and a beta of 2.00. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.13. Owlet, Inc. has a 52 week low of $3.78 and a 52 week high of $16.94.

Owlet (NYSE:OWLT) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $26.55 million during the quarter, compared to analysts’ expectations of $26.01 million. On average, equities analysts predict that Owlet, Inc. will post -0.63 earnings per share for the current fiscal year.

Owlet News Roundup

Here are the key news stories impacting Owlet this week:

• Positive Sentiment: Owlet beat consensus in its March quarter — reported -$0.03 EPS vs. a -$0.13 consensus and revenue of $26.55M vs. $26.01M expected, which supports near-term confidence that revenue and margins can stabilize. Read More.
• Positive Sentiment: Large institutional investors have been adding stakes (e.g., Eclipse Operations, AWM, Granahan, Next Century Growth), signaling conviction from institutional buyers — institutional ownership is high (~72.6%), which can support liquidity and price stability. Read More.
• Neutral Sentiment: Consolidated insider sales disclosed across 2023–2026: CEO Jonathan Harris sold 12,676 shares (Feb 26 at $11.50) and CFO Amanda Crawford sold 6,892 shares (Feb 27 at $11.50), plus earlier smaller disposals by executives. Filings state these were to cover tax withholding on vested awards — not labeled as opportunistic liquidations, but the size and frequency of filings can pressure sentiment if they continue. See CEO and CFO Form 4 filings for details. Read More. Read More.
• Negative Sentiment: An earnings preview from Zacks warns Owlet likely lacks the setup for a Q1 beat and expects earnings to decline — a weaker-than-expected Q1 or cautious guidance could put downside pressure on the stock despite the recent quarter’s beat. Read More.

Institutional Trading of Owlet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eclipse Operations LLC acquired a new stake in Owlet during the fourth quarter worth approximately $124,677,000. AWM Investment Company Inc. acquired a new stake in Owlet during the fourth quarter worth approximately $28,304,000. Granahan Investment Management LLC raised its holdings in Owlet by 34.7% during the fourth quarter. Granahan Investment Management LLC now owns 686,749 shares of the company’s stock worth $11,118,000 after purchasing an additional 176,845 shares in the last quarter. Next Century Growth Investors LLC raised its holdings in Owlet by 18.4% during the fourth quarter. Next Century Growth Investors LLC now owns 484,908 shares of the company’s stock worth $7,851,000 after purchasing an additional 75,408 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Owlet by 86.3% during the third quarter. Vanguard Group Inc. now owns 389,840 shares of the company’s stock worth $3,302,000 after purchasing an additional 180,619 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

Analysts Set New Price Targets

OWLT has been the subject of several research analyst reports. Wall Street Zen lowered shares of Owlet from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Owlet in a research note on Tuesday, April 21st. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Owlet in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.00.

Owlet Company Profile

Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.

Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.